Because of the hong kong elections. Record turnouts sunday, big loss for scombrabeijing. I think its heartening to see the people stand firm. For xi jinping, its a setback. What will he do now . Investors round the world cheered. Its part of our rally on wall street today. No cheering for uber. The authorities in london will not renew ubers license to do business there. Ouch. London was its best European Market. Uber takes the hit because of passenger safety concerns . Gee, i wonder if londons famous black cabs had a hand in this. Ubers stock is down 4 premarket. Seconds from now, frozen 2 big box office, tesla, dare i say a smashing success, and a little blue box, tiffany, now worth 16 billion. Varney company is about to begin. Has elsa seemed weird to you . She seems like elsa. Theres voice. Voice, what does that mean . Head for the cliffs ive got you. Stuart there you have it. Frozen 2 debuted this weekend. 350 Million Worldwide. That was the opening Worldwide Box Office globally, t
Phase one trade deal could not happen until december at the earliest. Discrepancies any the disagreements as to where a deal could be signed. Iowa or that could be ohio or hawaii being next. Here we go. Came out. Stronger than expected. The philippine peso pretty much where it was. Had been trading higher before that print came out. 16 out of 26 economists had predicted bit protected it. We had a little bit of weakness. Continuing its lurch as well. We had a fix earlier, which was again showing a bit more strength for the cny. Just slightly above the fix. Up for the dollar, three tens of one presented moving things along, having a look at what is going on in new york. We are going to start in the u. K. If i did officials are set to deliver a warning shot the politicians budget officials are set to deliver a warning shot to politicians amid fears there could be an arms race of tax and spending promises. The outrage of responsibility could have 26 billion added to its budget forecast. Wi
Of impeachment still hangs over the president. He releases the ukraine transcript. Shery lets get a check of how markets close. As you mentioned, we saw impeachment drama play out in washington. That weighed on markets a little bit, but there was more optimism for potential trade deals, not only with china, but that limited trade deal with japan also boosting market sentiment. We had the s p 500 gaining. 6 , to stop a threeday decline. Banks consumer stocks, leading the gains. Also tech stocks, nasdaq gaining 1 . The Energy Sector was unchanged in the session. We had crude following for the last two sessions. At the moment, opening higher, up. 3 , but Still Holding at that 56 a barrel level as we heard from saudi arabia that they are ahead of schedule in restarting operations after drone attacks on their facilities. Futures at the moment not doing much. Lets see how we are setting up in asia. Hintingasia futures are at a risk on start to the session, but emergency currencies may come u
Happen sooner than anyone thinks. Progress on a deal with japan. A limited agreement signed after washington withdrew the threat of imminent auto tariffs. The threat of impeachment hangs over the president. He releases the ukraine transcript which you thought had been cleared by the mueller report. Be hearing from plenty of big names from the Bloomberg Global Business Forum including michael corbat, steve schwarzman, and colombian president. Lets get a check of how markets are trading at the moment. We are seeing futures gaining. 3 after they had fallen towards that 56 a barrel level. We heard from saudi arabia that they are going to be ahead of schedule. The drone attacks on saudi arabia and facilities taking out 5 of global supply. We are seeing futures unchanged at the moment after the s p 500 ,ained ground on this session halting three sessions of declines. We saw optimism over trade deals. President trump being more positive over eight potential a potential trade deal with china,
How vulnerable are states to outside attacks . And why the socalled tech lash has only made facebook stronger. 10 straight weeks of antigovernment protests in hong kong are raising fears about the one country, to systems policy that has prevailed since the british hand over. We have been talking about it almost every issue, ever since they broke forth, but what really happened was the airport, clashes at the airport. We really felt like it had become a tipping point, all eyes on hong kong. When we really stepped back and thought about the perspective we could bring to this story, one of the things that came out of the conversation was where is it coming from . One of the things we realized is ,hat it is about 24 7, 2047 when hong kong was handed back to china, one country, to systems being this guiding idea for how it would be managed. That is the Expiration Date for that. When you think about the stakes of the situation, five years out isnt enough time to solve that 10 years out isnt